RFAYX Alternatives & Similar Mutual Funds

Russell Investments Investment Grade Bond Fund (RFAYX) belongs to the Intermediate Core Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with RFAYX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to RFAYX

RFAYX charges 0.32% annually. There are 30 mutual funds in the Intermediate Core Bond category with lower expense ratios, going as low as 0.02%.

Symbol	Name	Expense Ratio	AUM	Inception
VBMPX	Vanguard Total Bond Market Index Fund Institutiona...	0.02%	398.10B	Feb 2010	RFAYX vs VBMPX
FMBPX	Federated Hermes Mortgage Strategy Portfolio	0.02%	—	Dec 2007	RFAYX vs FMBPX
SSAFX	State Street Aggregate Bond Index Portfolio	0.02%	—	Sep 2014	RFAYX vs SSAFX
QDIBX	Fisher Investments Institutional Group Fixed Incom...	0.03%	—	Dec 2019	RFAYX vs QDIBX
QDVBX	Fisher Investments Institutional Group ESG Fixed I...	0.04%	—	Dec 2019	RFAYX vs QDVBX

Best Risk-Adjusted Alternatives to RFAYX

RFAYX has a PortfoliosLab risk / return rank of 13. There are 33 mutual funds in the Intermediate Core Bond category with higher risk-adjusted ranks, going as high as 53.

Symbol	Name	Risk / Return Rank	AUM	Inception
VCAIX	Vanguard California Intermediate-Term Tax-Exempt F...	53	19.40B	Mar 1994	RFAYX vs VCAIX
LSSAX	Loomis Sayles Securitized Asset Fund	51	—	Mar 2006	RFAYX vs LSSAX
STWTX	Hartford Schroders Tax-Aware Bond Fund	46	—	Oct 2011	RFAYX vs STWTX
PCGTX	PACE Mortgage-Backed Securities Fixed Income Inves...	43	—	Aug 1995	RFAYX vs PCGTX
MCDWX	Manning & Napier Credit Series	29	—	Apr 2020	RFAYX vs MCDWX

Top Performing RFAYX Alternatives (YTD)

RFAYX is at -0.39% YTD. There are 24 mutual funds in the Intermediate Core Bond category with higher YTD returns, going as high as 1.84%.

Symbol	Name	YTD Return	AUM	Inception
PCGTX	PACE Mortgage-Backed Securities Fixed Income Inves...	1.84%	—	Aug 1995	RFAYX vs PCGTX
LSSAX	Loomis Sayles Securitized Asset Fund	0.78%	—	Mar 2006	RFAYX vs LSSAX
DFXIX	DFA Diversified Fixed Income Portfolio	0.55%	—	Aug 2016	RFAYX vs DFXIX
MCDWX	Manning & Napier Credit Series	0.46%	—	Apr 2020	RFAYX vs MCDWX
FEDUX	Fidelity Education Income Fund	0.15%	—	Mar 2021	RFAYX vs FEDUX

Lowest Volatility Alternatives to RFAYX

RFAYX has 3.48% 1-year volatility. There are 13 mutual funds in the Intermediate Core Bond category with lower 1-year volatility, going as low as 2.32%.

Symbol	Name	Volatility 1Y	AUM	Inception
VCAIX	Vanguard California Intermediate-Term Tax-Exempt F...	2.32%	19.40B	Mar 1994	RFAYX vs VCAIX
FEDUX	Fidelity Education Income Fund	2.36%	—	Mar 2021	RFAYX vs FEDUX
BIMSX	Baird Intermediate Bond Fund	2.39%	—	Sep 2000	RFAYX vs BIMSX
BIMIX	Baird Intermediate Bond Fund Class Institutional	2.40%	—	Sep 2000	RFAYX vs BIMIX
DFXIX	DFA Diversified Fixed Income Portfolio	2.58%	—	Aug 2016	RFAYX vs DFXIX

Lowest Drawdown Alternatives to RFAYX

RFAYX has a 1-year max drawdown of -2.73%. There are 20 mutual funds in the Intermediate Core Bond category with shallower 1-year drawdowns, going as shallow as -1.69%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
DFXIX	DFA Diversified Fixed Income Portfolio	-1.69%	—	Aug 2016	RFAYX vs DFXIX
FEDUX	Fidelity Education Income Fund	-1.72%	—	Mar 2021	RFAYX vs FEDUX
BIMSX	Baird Intermediate Bond Fund	-1.87%	—	Sep 2000	RFAYX vs BIMSX
BIMIX	Baird Intermediate Bond Fund Class Institutional	-2.08%	—	Sep 2000	RFAYX vs BIMIX
FTHRX	Fidelity Intermediate Bond Fund	-2.11%	—	May 1975	RFAYX vs FTHRX

Other Mutual Funds from Russell

The 10 most viewed Russell mutual funds shown here include REBYX, RLVSX, RGIYX and span 9 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
REBYX	Russell Investments U.S. Small Cap Equity Fund	Small Cap Blend Equities	89	22.54%	—	Mar 2000	RFAYX vs REBYX
RLVSX	Russell Investments Tax-Exempt Bond Fund	Municipal Bonds	70	0.65%	—	Sep 1985	RFAYX vs RLVSX
RGIYX	Russell Investments Global Infrastructure Fund	Infrastructure Equities, Energy Equities	50	10.16%	—	Sep 2010	RFAYX vs RGIYX
RGEAX	Russell Investments Global Equity Fund	Global Equities	75	12.00%	—	Feb 2007	RFAYX vs RGEAX
RSEAX	Russell Investments U.S. Strategic Equity Fund	Large Cap Blend Equities	56	11.14%	—	Aug 2012	RFAYX vs RSEAX
RINYX	Russell Investments International Developed Market...	Foreign Large Cap Equities	59	11.41%	—	Mar 2000	RFAYX vs RINYX
RMYYX	Russell Investments Multi-Strategy Income Fund	Diversified Portfolio	77	6.15%	—	Apr 2015	RFAYX vs RMYYX
RTDYX	Russell Investments Multifactor U.S. Equity Fund	Large Cap Blend Equities	78	13.03%	—	Jul 2014	RFAYX vs RTDYX
RALVX	Russell Investments LifePoints Growth Strategy Fun...	Diversified Portfolio	74	10.39%	—	Mar 1998	RFAYX vs RALVX
REMSX	Russell Investments Emerging Markets Fund	Emerging Markets Equities	64	19.60%	—	Jan 1993	RFAYX vs REMSX

Often Compared With RFAYX

Investors most often compare RFAYX with ^GSPC, FTEC, FBNDX. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
^GSPC	S&P 500 Index		74	13.02%	—	—	RFAYX vs ^GSPC
FTEC	Fidelity MSCI Information Technology Index ETF	Technology Equities	59	27.90%	20.96B	Oct 2013	RFAYX vs FTEC
FBNDX	Fidelity Investment Grade Bond Fund	Intermediate Core Bond, Investment Grade Bonds	9	-0.73%	—	Aug 1971	RFAYX vs FBNDX
OWFIX	Old Westbury Fixed Income Fund	Intermediate Core Bond	19	-0.31%	—	Mar 1998	RFAYX vs OWFIX
REAYX	Russell Investments Equity Income Fund	Dividend, Large Cap Value Equities	95	18.97%	—	Mar 2000	RFAYX vs REAYX
KCCIX	Knights of Columbus Core Bond Fund	Intermediate Core Bond	15	-0.05%	—	Feb 2015	RFAYX vs KCCIX
RELVX	Russell Investments LifePoints Equity Growth Strat...	Diversified Portfolio	76	11.62%	—	Mar 1998	RFAYX vs RELVX
RMLVX	Russell Investments LifePoints Moderate Strategy F...	Diversified Portfolio	61	5.11%	—	Mar 1998	RFAYX vs RMLVX
RBLVX	Russell Investments LifePoints Balanced Strategy F...	Diversified Portfolio	70	7.79%	—	Mar 1998	RFAYX vs RBLVX
RMGSX	Russell Investments Multi-Asset Growth Strategy Fu...	Global Allocation	73	7.97%	—	Mar 2017	RFAYX vs RMGSX
PRCIX	T. Rowe Price New Income Fund	Intermediate Core Bond	19	-0.68%	—	Aug 1973	RFAYX vs PRCIX
JIBEX	Johnson Institutional Intermediate Bond Fund	Intermediate Core Bond	13	-0.46%	—	Aug 2000	RFAYX vs JIBEX
WFBIX	iShares U.S. Aggregate Bond Index Fund	Intermediate Core Bond	9	-0.79%	—	Jul 1993	RFAYX vs WFBIX
RRESX	Russell Investments Global Real Estate Securities ...	REIT	35	11.93%	—	Jul 1989	RFAYX vs RRESX
RFBSX	Russell Investments Short Duration Bond Fund	Short-Term Bond	86	1.10%	—	Oct 1981	RFAYX vs RFBSX
DUTMX	Dupree Taxable Municipal Bond Fund	Intermediate Core Bond	9	-0.39%	—	Nov 2010	RFAYX vs DUTMX
RFCYX	Russell Investments Strategic Bond Fund	Intermediate Core-Plus Bond	12	-0.47%	—	Jun 2005	RFAYX vs RFCYX
TCPYX	Touchstone Impact Bond Fund	Intermediate Core Bond	14	-0.15%	—	Nov 1991	RFAYX vs TCPYX
PNIIX	Principal Bond Market Index Fund	Intermediate Core Bond	11	-0.47%	—	Dec 2009	RFAYX vs PNIIX
NMKBX	North Square McKee Bond Fund	Intermediate Core Bond	14	-0.33%	—	Dec 2020	RFAYX vs NMKBX

Compare RFAYX with Any Fund or Stock

Compare RFAYX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair RFAYX with funds that move differently

Russell Investments Investment Grade Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RFAYX.

Explore RFAYX Diversifiers

Russell Investments Investment Grade Bond Fund (RFAYX) Alternatives